1/ Final sector output is the gross value of the commodities and
services produced within a year. Net value-added is the sector's
contribution to the National economy and is the sum of the income from
production earned by all factors-of-production. Net farm income is
equal to final agricultural sector output less intermediate consumption
outlays plus net government transactions less capital consumption less
factor payments. Net farm income is the farm operators' share of
income from the sector's production activities. The concept presented is
consistent with that employed by the Organization for Economic
Cooperation and Development.
2/ A positive value of inventory change
represents current-year production not sold by December 1. A negative
value is an offset to production from prior years included in
current-year sales.